It's a common enough issue when the sale goes across the new year. If it's an ip and you're liable for land tax you'd bear the full amount if you agree to delete the adjustment (not as big an issue if you're not liable for land tax in nsw).

The issue has arisen by the purchaser pushing the settlement into the new year - so they can wear it

The owner of the property at new year's eve is the one that will pay the land tax. The legal owner would be you MTR. If they are wanting to prorata pay the land insurance it may work in your favour as you would be passing on approx 23/24ths of it to them.

Just say MTR has many properties in NSW and incur a big land tax bills. Her this property settles 12 Jan. Would the land tax bill be on the buyer if this is a standard NSW contract without any special conditions?

Just say MTR has many properties in NSW and incur a big land tax bills. Her this property settles 12 Jan. Would the land tax bill be on the buyer if this is a standard NSW contract without any special conditions?

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If MTR owns many properties and incurs big land tax bills, and provided the land tax choice is marked on the front page of the Contract, the purchaser would be liable for an adjustment of MTR's land tax liability if the land being sold was liable to land tax in isolation, i.e. without having regard to the other properties owned by MTR.

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